CVN 2.50% 20.5¢ carnarvon energy limited

Wow I had my doubts about the call early in the day, but the...

  1. 37 Posts.
    Wow I had my doubts about the call early in the day, but the close at 30.5 was just amazing, showing strenth to hold above the daily, 10EMA and 30EMA. IMO hoping to trend the 10EMA upwards from here.

    Just looking at the 2 year weekly charts:

    prices have refused to close below the weekly 200ema.

    the prices this week have refused to go lower than the 10.5c low in august last year. weekly RSI at 10.5c was higher than weekly RSI today. Bit oversold in my opinion.

    weekly MACD about to cross up as well.

    weekly charts "tend" to have more strength, then dailys.

    My opinions only, I got in around 55c in january this year, so I have upside bias to get my money back! So my position at this point in time is long term buy.

    Tis lucky u had money to buy in woodgnome. Good luck stay safe!
 
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